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Holtec Signs Strategic Cooperation Agreement with Utah and Hi Tech Solutions to Deploy Nuclear SMRs

LCG, May 1, 2025--Holtec International (Holtec) announced the signing on April 29 of a strategic cooperation agreement with the State of Utah and Hi Tech Solutions, a leading nuclear services provider based in Kennewick, Washington, to collaborate in the deployment of Holtec's SMR-300s (small modular reactor) in Utah and the broader Mountain West region. Hi Tech will play a leading role in the project development and workforce training to support the rise of new nuclear power generation in the region.

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EPA and Texas Railroad Commission Sign Memorandum of Agreement for Permitting Geologic Storage of Carbon Dioxide

LCG, April 29, 2025--Officials from the U.S. Environmental Protection Agency (EPA) and Texas Railroad Commission (RRC) signed a memorandum of agreement (MOA) today outlining the state’s plans to administer programs related to carbon storage wells, known as Class VI wells. The MOA signing is a required step in the RRC’s application to be granted authority to permit Class VI wells in the state of Texas. EPA is currently preparing a proposed approval of RRC’s primacy application.

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Industry News

FERC to Review Possible PacifiCorp Contract Cancellation

LCG, June 26, 2002-A Federal Energy Regulatory Commission judge will determine whether or not PacifiCorp may renegotiate or cancel electricity contracts signed last summer.

The Portland utility signed contracts for this year for up to $262 per MWh from five energy traders. The utility claims that the prices are unfair and therefore illegal.

The Federal Energy Regulatory Commission placed a $92 per MWh cap on electricity prices in the region on June 19 last year, just days after some of PacifiCorp's contracts were signed. Current prices in the area are less than $40 per MWh.

FERC will appoint a judge to the case by the middle of July, and the companies will be given 30 days to settle disputes. PacifiCorp wants to cancel or renegotiate contracts with Reliant Resources Inc., Morgan Stanley Capital Group Inc., Williams Cos Inc., Enron Corp., and El Paso Corp.

The contracts in question involve electricity to be transmitted between July 1 and September 30 of this year.

Scottish Power Plc. owns the Portland-based utility.
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